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PP.71A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1

PP.71A small manufacturer of specialty welding equipment has developed a combinationproduction plan for the next four quarters, as seen below:

Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4
Forecast (demand) 4,400 4,500 4,800 5,000
Regular production 4,400 4,600 4,600 4,600
Subcontract production 200 200 100
Ending inventory 300 300
Hired employees 2
Fired employees
Total employees 44 44 46 46 46

The table below shows additional relevant information:

CapacityInformation & Cost Variables
Production rate (units/employee/quarter) 100
Subcontractor capacity (units/quarter) 470
Regular production cost/unit $71
Holding cost/unit/quarter $15
Hiring cost/employee $700
Firing cost/employee $2,550
Subcontract cost/unit $129

What is the overall total cost for this production plan? (Displayyour answer to the nearest whole number.) What is the total subcontract cost for this production plan? (Displayyour answer to the nearest whole number.) What is the total holdingcost for this production plan? (Displayyour answer to the nearest whole number.) What is the total hirecost for this production plan? (Displayyour answer to the nearest whole number.) What is the total firecost for this production plan? (Displayyour answer to the nearest whole number.)

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